OptiPulse

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This is just my personal opinion. I don't believe in a v-shaped recovery. Economy is rekt and we will begin to notice it soon. There may be one last bull trap created in the next 2 weeks where everything seems like they're awesome and things seem to be returning to normal. If not, then the local top was in yesterday and it's downhill from here.

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Stocks and crypto look like they might be setting up an ultra bull-trap. It is possible the move yesterday between stocks and crypto was the bull-trap and bears were frontrun. The halvening lines up well with a retest of the upper resistance line around 10500 though. Personally, I do not believe in a v-shaped recovery. Corona virus has reprogrammed our behavior in...

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Zooming out on the weekly we can see that bitcoin is technically still in a downtrend. Break above 9300 and 10500 will confirm moon prices. Keep and eye on traditional stock market. A bull trap may be setting up here.

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A head and shoulders will be formed once price reaches about $7k and bulls are unable to maintain that price. This will cause considerable downwards pressure. May get support temporarily around 6666.66 for some reason. The head of this pattern is a large one, with a PT of ~6k. Not financial advice, good luck.

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7k retest

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Chart is pretty self-explanatory. Personally, I'm expecting the SPY to fake people out too early next week. Pampeet to about 288 and dampeet. Not financial advice :)

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Bulls had a chance earlier to validate a parabola pattern, but failed when they couldn't get the inverse h&s to complete. The falling price has validated a h&s pattern with a price target of around $6950. Not financial advice.

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Green: Continuation of the false breakout. Price is rejected at the 0.618 fib level. Red: Price is unable to break above the 0.50 fib level and heads lower immediately. Note: Both the SPY and Bitcoin are currently around the 0.50 fib level. 0.50 fib level is a critical level psychologically for the SPY. Expect rejection and a wake-up call for many...

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Price is ranging right now within the green box. Support looks like it should hold. There may be larger powers at be that do not want crude to fall back below $25. Decent bounce off $2.50 support. I think it's safe to assume it'll hold for now. $2.78 resistance needs to break in order to continue trend upwards. Ultimately depends on the outcome of the OPEC...

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Rising Wedge, Bear Flag on the 15min.

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Found 2 key support levels. 0.1270 and 0.1120. If something were to go wrong in the short term, I expect these support levels to hold. Buy orders should be placed based on risk tolerance. You may not get the lowest prices. Not financial advice.

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The measured move of the head and shoulders pattern goes to $15. I expect the recent low of $20 to be retested. If that support breaks, then $15 is the next support. Oil is facing a demand issue more than anything. 100 million bpd global production and the demand has been cut by estimates around 30%. Which makes sense since about a third of the world is under...

OptiPulse Updated 

SCO is at a critical point right now. It seems that the large H&S has played out and quickly retreated after Trump tweeted about a potential deal between Saudi and Russia to cut oil production by 15 million barrels. No one knows exactly what the outcome of the OPEC talk occurring next Monday is going to be. If the plan falls through and political tensions...

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Bears have the chance to show their strength and push the bulls off the cliff to $4800 levels. If bears fail, then this is very bullish and will likely send prices past $7600 and start the bull run. Either could play out in the short term. My personal take is that the economy of which bitcoin is closely tied with is not doing so hot right now. The USA is the...

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I propose to you 2 cases... Case 1) The most bullish case. Bitcoin closes this monthly candle around 7500 and runs into the bitcoin halvening. Case 2) Less bullish, but still bullish from a long term view. Bitcoin drops to 4600 area and runs into the bitcoin halvening. Now I will state fundamentals that would support either cases. Both: (and the reasoning for...